Concurrent Investment Advisors LLC Raises Stake in iShares MSCI USA Momentum Factor ETF $MTUM

Concurrent Investment Advisors LLC grew its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 24.1% in the second quarter, Holdings Channel reports. The fund owned 41,434 shares of the company’s stock after purchasing an additional 8,051 shares during the period. Concurrent Investment Advisors LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $14,205,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of MTUM. Corient Private Wealth LLC raised its stake in iShares MSCI USA Momentum Factor ETF by 185.9% during the fourth quarter. Corient Private Wealth LLC now owns 2,048,917 shares of the company’s stock worth $512,864,000 after purchasing an additional 1,332,181 shares during the period. LPL Financial LLC increased its holdings in shares of iShares MSCI USA Momentum Factor ETF by 24.7% during the 4th quarter. LPL Financial LLC now owns 3,291,857 shares of the company’s stock worth $823,985,000 after buying an additional 652,414 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of iShares MSCI USA Momentum Factor ETF by 32.2% during the 4th quarter. JPMorgan Chase & Co. now owns 1,151,084 shares of the company’s stock worth $288,128,000 after buying an additional 280,192 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its position in shares of iShares MSCI USA Momentum Factor ETF by 55.3% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 721,042 shares of the company’s stock valued at $180,484,000 after buying an additional 256,639 shares during the period. Finally, Mercer Global Advisors Inc. ADV raised its position in shares of iShares MSCI USA Momentum Factor ETF by 3.0% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 7,824,890 shares of the company’s stock valued at $1,958,649,000 after buying an additional 229,850 shares during the period.

iShares MSCI USA Momentum Factor ETF Price Performance

BATS MTUM opened at $304.86 on Friday. The firm’s 50-day moving average is $309.56 and its two-hundred day moving average is $290.44. iShares MSCI USA Momentum Factor ETF has a 12 month low of $229.42 and a 12 month high of $345.59. The stock has a market capitalization of $22.25 billion, a P/E ratio of 28.67 and a beta of 1.02.

iShares MSCI USA Momentum Factor ETF Company Profile

The iShares MSCI USA Momentum Factor ETF (MTUM) is an exchange-traded fund that is based on the MSCI USA Momentum SR Variant index. The fund tracks an index of large- and mid-cap US equities, selected and weighted based on price appreciation over 6- and 12-month periods and low volatility over the past 3 years. MTUM was launched on Apr 16, 2013 and is managed by BlackRock.